National Republican., 1887-09-20
ACTIVE BUT WEAK.
The Declines In Stock Exchange az
Large as Those for n Week.


New YoRK, Sept. 10.-The week at the
stock exchange opened with fairly active
but decidedly weak market, and the net
declines for the day were, in many cases, as
large as for the entire week past. There
was dearth OF news to affect values, the
advceslthat some Of the niue owners had
refused to treat with their men, and the re-
port OF the st. Paul showing another de-
crease in earning, being the principal Items.
The uneasiness resulting from the fear OF
tight money, however, was worked by the
bears throughout the entire day, and not
withstanding the fact that money was
plentiful on call at and per cent. the
sentiment above referred to induced free
selling Of long stock, and the traders i'm.
proved the opportunity TO hammer prices
all along the line. The pressure was almost
continuous throughout the day, and no re-
action worthy OF the name occurred.
The opening was weak at declines from
Saturdays final figures, which ranged up
to IA per cent, the latter in Northern Pa
cifc preferred. There was no halt In the
downward movement, however, and fur
ther losses OF from J to II per cent. were
made during the first hour, but when the
decline was checked prices remained stag
nant, and before noon another decline Of
from to Ia per cent was brought about.
After that time there was some little i'm
provement In figures, but Of per cent
was the extent OF the gains recorded, and
before delivery hour these were again wiped
out. A final drive was made against the
list in the last hour, and the market yielded
even more readily than before. The lowest
figures were made at the close, which was
fairly active and weak. Everything is lower.
Money on call has been easy, opening
at @, ranging from 4 to 6, last loan at q,
and closing offered ate. Sterling exchange
is quiet, but only fairly steady, with cotton
bills more plentiful. Actual business at 4S0
to 4S04 for 60.day bills, and 4S41 to 4Si2 for
demand. Posted rates, 4S1 to 1851. Gov
ernment bonds have been dull and heavy.
State bonds have been dull and without
| feature. Railroad bonds have been dull
| and weak.
Treasury balances--CoIn. Sl34, ,413, 142. .O7;
currency, $13,6sS, ,070.79
| :, The following were tho closing bid quota
As, 12i5G; ~ COUP 1925 Pac. 6sof ,95, 122;
La. Cons. IS; Mo: 6s of 49, 100; N. O.. Con.
| O, 45; Tenn. settlement IS, 80; Con. Pac.
firsts, 1l423; DENY. and r. G. firsts, 70; NJ X.
sna Seconds IL NStsfrS ps9 s sss Ma 49,
debenture 'l0sh st. l.. and San Fran, sii4; st.
Paul con-, l279a 81. L ,Chicago, md Pac arsts,
U.s. Southern Pqs ssts s., III aud
| 97sS; Adams Express, 40: Alton and I. H.
| 3i12; do. pfd., 20: Am. Express, l07; Bos. Air
Line pfd.. gS B. 9. and r. N, go; Canada
Southern, 5sh Canton, ,.55; Cen, pac., 1874
do do, pid6 pd6 rs, lSb e s,I B and g. 49, ClGye;
Hud 9I1S: Del. and t., l271z DENY aud r. g.,
q; Erie Erie Ssl I do pfl.; S,} Fort Wayne, l5oI
Il5; Kans. and Texas, 2a44: L. H. and w, 1Stt;
Lake Lake Shore, ,o S2zs; Lvl. and Nash, 6sNi
Met T., i4G1S Mich. Cen, 81; Mo. Pac,,
s27S; Mob; and o., II; Mar and E., 1881;
SSA; Northwestern, 1l01s: do. pid., 40; N.
Y, Cen, 1861; Chicago and st. L., IA; do.
gfd, 27; Ohio aud Miss. a; do, ,pfd., s5;
burg, 1853; Reading, 57,4 Rlchmond aud
| Aleg, s; Richmond and Dan, 160 Rock
Ispd, 1lS1S; St l.. and San. Fran, 30; do. pfd -,
| ll715; st. 7. and o., 4o3E; do. pfd., 106: Texas
Pao., 22: Union Pae., 56ss; us. X. 70; wab.
Pc, lGa; do. pfd;, 2S.9; Wells Fargo, 100;
Cotton Oil Trust, 2S14; Quicksilver. 8; do.
ASKED. tEx.diyidend,